La Tasa de Descuento en Proyectos de Largo Plazo
AbstractThis paper estimates the rate of discount to be used in Chile when evaluating long run projects with environmental consequences. The methodology is known as Gamma Discounting and was presented first by Martin Weitzman in the American Economic Review in March 2001.
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Bibliographic InfoPaper provided by Instituto de Economia. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 231.
Date of creation: 2002
Date of revision:
Publication status: Published as "La Tasa de Descuento en Proyectos de Inversión de Largo Plazo", Revista de Análisis Económico, Volumen 17, N° 2, Diciembre 2002.
Social discount rate; project evaluation;
Find related papers by JEL classification:
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gonzalo Edwards, 2003.
"The effect of a constant or a declining discount rate on optimal investment timing,"
Applied Economics Letters,
Taylor & Francis Journals, vol. 10(10), pages 657-659.
- Gonzalo Edwards, 2002. "The Effect of a Constant or a Declining Discount Rate on Optimal Investment Timing," Documentos de Trabajo 227, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Pizer, William & Newell, Richard, 2000.
"Discounting the Distant Future: How Much Do Uncertain Rates Increase Valuations?,"
dp-00-45, Resources For the Future.
- Newell, Richard G. & Pizer, William A., 2003. "Discounting the distant future: how much do uncertain rates increase valuations?," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 52-71, July.
- Martin L. Weitzman, 1998.
Harvard Institute of Economic Research Working Papers
1843, Harvard - Institute of Economic Research.
- Cropper, Maureen & Laibson, David, 1998. "The implications of hyperbolic discounting for project evaluation," Policy Research Working Paper Series 1943, The World Bank.
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